The Japanese investment firm Metaplanet has significantly boosted its Bitcoin holdings. The company now owns 4,855 BTC, totaling $414 million. Metaplanet is now the largest corporate Bitcoin holder in Asia and the tenth-largest globally.
CEO Simon Gerovich announced the latest purchase of 330 BTC for $28.2M. The firm's Bitcoin yield has topped 119% year to date. Metaplanet intends to accumulate 21,000 BTC by 2026, accelerating Bitcoin acceptance throughout Japan.
Dubbed "Asia's MicroStrategy," Metaplanet's strategy is similar to Michael Saylor's strategy. Strategy remains the world's largest public Bitcoin holder, recently adding 3,459 BTC to its holdings. According to market analysts, rising institutional involvement will accelerate Bitcoin's four-year cycle. Despite short-term uncertainty, long-term expectations remain positive.
Metaplanet's aggressive measures show growing institutional trust in Bitcoin's future.